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According to a tweet from Digg CEO Kevin Rose (@kevinrose) this past Saturday night, Google is once again making a move into social networking, and getting ready to launch the new service ‘Google Me‘ to take on Facebook, after previous attempts (Google Profiles / Wave / Buzz) have failed.

Since Rose’s breaking news, a number of stories about Google Me have hit the web. The latest of which are now revolving around recent talk from Facebook’s former CTO and Quora founder Adam D’Angelo (@adamdangelo). D’Angelo has come out saying that Google Me is not a rumor, and is in fact a real high-priority project that a large number of Google developers are currently working on.

With all of this talk, one wonders what will come out of this. Can Google create the next big social network? Will it be more than a revamped version of Google Profiles, that integrates Buzz / Wave, and adds some other features that Facebook already has? Or will it bring something brand new to the game, and have users thinking about making the switch?

For now, it’s all up in the air, but anything’s possible.

What do you all think? Would you make the switch to Google Me (or any new social network), or is Facebook it for you? I’d love to hear what you think in the comments.

Update: A video of Kevin Rose talking about Facebook competitor Google Me from his TWiT.tv apperance is now online here: View Video